THELOGICALINDIAN - Andreessen Horowitz is set for an alike added attack into the cryptocurrency bazaar The Silicon Valley Venture Capital VC close afresh appear the barrage of a 300 actor cryptocurrency armamentarium Dubbed a16z crypto the armamentarium will focus on nonspeculative use cases of blockchain technology
Announcing the fund, Chris Dixon, General Partner at Andreessen Horowitz, said that a16z crypto would advance in cryptocurrency companies and protocols. Dixon additionally explained that the close was committed to leveraging acceptable VC ethics into convalescent the agenda bill space.
The a16z cryptocurrency armamentarium will accommodate admission to the firm’s operating teams. Thus, basic bill startup entrepreneurs will be able to account from the abstruse ability of the company’s operating teams. According to Dixon, Andreessen Horowitz is committed to accommodating actively in the babyminding of companies that will account from the fund.
One above criticism of businesses in the basic bill amplitude is the abridgement of absolute utility, with best projects actuality characterized as abstract investments. On this note, the a16z cryptocurrency armamentarium is advised to focus on non-speculative use cases. Commenting on this point, Dixon additionally said:
Apart from the a16z cryptocurrency fund, Andreessen Horowitz has a history of advance in cryptocurrency companies, best conspicuously Coinbase and CryptoKitties. Earlier this year, the close led a affiliation of Silicon Valley firms to antechamber policymakers in Washington to ensure crypto-friendly regulations.
The VC close additionally appear the arrangement of Katie Haun as a accepted accomplice on the a16z crypto fund. Haun becomes the firm’s aboriginal anytime changeable accepted partner. Haun is not an alien abundance in the cryptocurrency space. She was an investigator on both the Mt. Gox beating and the case area two federal agents were bedevilled on bribery accuse stemming from their investigation into Silk Road.
Haun brings a abundance of acknowledged acquaintance into the fund’s administration. In 2024, she helped set up the US government’s aboriginal cryptocurrency assignment force aimed at helping the government appear to agreement with the arising technology. Haun is additionally a affiliate of the lath at Coinbase.
What is your assessment on the cardinal of firms ablution cryptocurrency funds? Do you anticipate it is an adumbration that the bazaar is actuality to stay? Keep the chat activity in the animadversion area below.
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